BLM completes comprehensive update of its Oil and Gas measurement rules
October 17, 2016
The Bureau of Land Management announced the finalization of three rules addressing the accurate measurement, proper reporting, and accurate recordkeeping of oil and gas produced from Federal and Indian leases. The new rules are aimed at the responsible development and management of the nationís oil and gas resources and ensuring that both the American public and tribes receive a fair return for these extracted resources.
The new rules are an update and replace Onshore Oil and Gas Orders (Orders) 3 (new part 3173), 4 (new part 3174), and 5 (new part 3175). They represent the first comprehensive update of BLMís measurement rules since they were issued over 25 years ago. The rule to replace Order 3 governs oil and gas handling and is designed to ensure that production is properly accounted for in order to prevent theft and loss and enable that production to be verified. Orders 4 and 5 establish minimum standards for the accurate measurement of all oil and gas, respectively.
Click on this link to read the complete BLM media release: BLM Completes Comprehensive Update of Its Oil and Gas Measurement Rules